Our free weekly round-up of the latest news in the oil market is below, available to download in PDF format.

• Brent price rising to $80/bbl due to lower than expected June CPI numbers in the US, weakened US dollar and the halt of the second largest oil field in Libya.
• Record China crude imports in June and upward revisions on Chinese oil demand by EIA, OPEC and IEA are also supporting oil prices despite weakening economic recovery.
• Production shut at Libyan Sharara and Feel with a combined 390,000 b/d as tension between tribal factions escalated adding upward pressure to oil prices.
• Floating drilling rig rates approaching $500,000/d mark as market is tightening with booming deepwater E&P activities.
• Springfield looks to drill offshore Ghana and Shell finds more oil in Namibia.
• DNO finds up to 230 mboe reserves in Carmen discovery in Norway.
• ExxonMobil acquiring Denbury for $4.9 billion to expand in CCS.
• Suncor plans E&A drilling in Canada.